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<us-gaap:BasisOfAccounting contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The unaudited financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America.&amp;#160;&amp;#160;These statements should be read in conjunction with the audited financial statements and notes thereto included with the Annual Report on Form 10-K of Boston Financial Tax Credit Fund Plus, a Limited Partnership (the &amp;#8220;Fund&amp;#8221;) for the year ended March 31, 2012.&amp;#160;&amp;#160;In the opinion of the managing general partner of the Fund, Arch Street VIII, Inc. (the &amp;#8220;Managing General Partner&amp;#8221;), these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Fund&amp;#8217;s financial position and results of operations.&amp;#160;&amp;#160;The results of operations for the periods may not be indicative of the results to be expected for the year.&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The Managing General Partner has elected to report results of the Local Limited Partnerships on a 90-day lag basis because the Local Limited Partnerships report their results on a calendar year basis.&amp;#160;&amp;#160;Accordingly, the financial information of the Local Limited Partnerships that is included in the accompanying financial statements is as of June 30, 2012 and 2011 and for the six months then ended.&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Generally, profits, losses, tax credits and cash flow from operations are allocated 99% to the Limited Partners and 1% to the General Partners.&amp;#160;&amp;#160;Net proceeds from a sale or refinancing will be allocated 95% to the Limited Partners and 5% to the General Partners, after certain priority payments. The General Partners may have an obligation to fund deficits in their capital accounts, subject to limits set forth in the Fund&amp;#8217;s Amended and Restated Agreement of Limited Partnership (the &amp;#8220;Partnership Agreement&amp;#8221;).&amp;#160;&amp;#160;However, to the extent that the General Partners&amp;#8217; capital accounts are in a deficit position, certain items of net income may be allocated to the General Partners in accordance with the Partnership Agreement.&lt;/font&gt;&lt;/p&gt;</us-gaap:BasisOfAccounting>
<us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;Investments in Local Limited Partnerships&lt;/u&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The Fund currently has limited partner or member interests in two Local Limited Partnerships which were organized for the purpose of owning and operating multi-family housing complexes, all of which are government-assisted.&amp;#160;&amp;#160;The Fund's ownership interest in each Local Limited Partnership is 99%.&amp;#160;&amp;#160;The Fund may have negotiated or may negotiate options with the Local General Partners to purchase or sell the Fund&amp;#8217;s interests in the Local Limited Partnerships at the end of the 15-year period during which properties that receive Tax Credits must remain in compliance with rent restriction and set-aside requirements (the &amp;#8220;Compliance Period&amp;#8221;) for nominal prices.&amp;#160;&amp;#160;In the event that Properties are sold to third parties, or upon dissolution of the Local Limited Partnerships, proceeds will be distributed according to the terms of each Local Limited Partnership agreement.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following is a summary of investments in Local Limited Partnerships at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;u&gt;September 30&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;u&gt;March 31&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Capital contributions paid to Local Limited Partnerships and purchase&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;price paid to withdrawing partners of Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;4,539,851&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;4,660,327&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative equity in losses of Local Limited Partnerships (excluding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;cumulative unrecognized losses of $1,680,460 and $1,546,000 at&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;September 30 and March 31, 2012, respectively)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(919,343&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(1,145,942&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 8;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative cash distributions received from Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,219,675&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,223,150&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 9;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 10;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before adjustments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,400,833&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,291,235&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 11;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 12;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Excess investment costs over the underlying assets acquired:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 13;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 14;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;132,765&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;136,290&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 15;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 16;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative amortization of acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(60,846&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(61,005&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 17;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 18;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before impairment&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,472,752&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,366,520&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 19;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 20;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative impairment on investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(378,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(378,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 21;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 22; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,094,752&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;988,520&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;The Fund has recordedan impairmentfor its investments in certain Local Limited Partnerships in order to appropriately reflect the estimated net realizable value of these investments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The Fund&amp;#8217;s share of the net losses of the Local Limited Partnerships for the six months ended September 30, 2012 and 2011 is $23,523 and $26,885, respectively.&amp;#160;&amp;#160;For the six months ended September 30, 2012 and 2011, the Fund has not recognized $158,979 and $112,546, respectively, of equity in losses relating to certain Local Limited Partnerships in which cumulative equity in losses and cumulative distributions exceeded its total investment in these Local Limited Partnerships.&amp;#160;&amp;#160;Previously unrecognized losses of $24,519 and $32,462 are included in losses recognized in the six months ended September 30, 2012 and 2011, respectively.&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;During the six months ended September 30, 2012, the property owned by one of the Local Limited Partnerships was sold.&amp;#160;&amp;#160;The Fund's investment value at the time of the sale was $2,009 resulting in a loss on disposition of investment in Local Limited Partnership of $2,009 for the six months ended September 30, 2012.&lt;/font&gt;&lt;/p&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
<bftcpa:SignificantSubsidiariesTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;Significant Subsidiaries&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following Local Limited Partnerships invested in by the Fund represent more than 20% of the Fund&amp;#8217;s total assets or equity as of September 30, 2012 or 2011 or net losses for the three months then ended.&amp;#160;&amp;#160;The following financial information represents the performance of these Local Limited Partnerships for the three months ended June 30, 2012 and 2011:&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Pilot House Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;330,753&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;324,368&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;82,052&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;27,336&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Preston Place Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 9%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 9%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;295,852&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;31,899&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</bftcpa:SignificantSubsidiariesTextBlock>
<bftcpa:ScheduleOfLocalLimitedPartnershipInvestmentsTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following is a summary of investments in Local Limited Partnerships at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;u&gt;September 30&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;u&gt;March 31&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Capital contributions paid to Local Limited Partnerships and purchase&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;price paid to withdrawing partners of Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;4,539,851&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;4,660,327&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative equity in losses of Local Limited Partnerships (excluding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;cumulative unrecognized losses of $1,680,460 and $1,546,000 at&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;September 30 and March 31, 2012, respectively)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(919,343&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(1,145,942&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 8;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative cash distributions received from Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,219,675&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,223,150&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 9;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 10;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before adjustments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,400,833&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,291,235&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 11;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 12;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Excess investment costs over the underlying assets acquired:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 13;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 14;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;132,765&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;136,290&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 15;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 16;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative amortization of acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(60,846&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(61,005&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 17;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 18;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before impairment&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,472,752&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,366,520&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 19;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 20;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative impairment on investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(378,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(378,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 21;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 22; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,094,752&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;988,520&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</bftcpa:ScheduleOfLocalLimitedPartnershipInvestmentsTextBlock>
<us-gaap:EquityMethodInvestmentsTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following financial information represents the performance of these Local Limited Partnerships for the three months ended June 30, 2012 and 2011:&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Pilot House Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;330,753&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;324,368&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;82,052&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;27,336&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Preston Place Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 9%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 9%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;295,852&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;31,899&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
<bftcpa:LimitedPartnersCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.99</bftcpa:LimitedPartnersCumulativeEarningsSharingPercentage>
<bftcpa:GeneralPartnersCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.01</bftcpa:GeneralPartnersCumulativeEarningsSharingPercentage>
<bftcpa:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.95</bftcpa:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage>
<bftcpa:NetProceedsFromSaleRefinancingGeneralPartnersSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.05</bftcpa:NetProceedsFromSaleRefinancingGeneralPartnersSharingPercentage>
<bftcpa:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">4660327</bftcpa:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bftcpa:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">4539851</bftcpa:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bftcpa:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-1145942</bftcpa:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bftcpa:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-919343</bftcpa:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bftcpa:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-2223150</bftcpa:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bftcpa:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-2219675</bftcpa:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bftcpa:InvestmentInLocalLimitedPartnershipBeforeAdjustments contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1291235</bftcpa:InvestmentInLocalLimitedPartnershipBeforeAdjustments>
<bftcpa:InvestmentInLocalLimitedPartnershipBeforeAdjustments contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">1400833</bftcpa:InvestmentInLocalLimitedPartnershipBeforeAdjustments>
<bftcpa:AcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">136290</bftcpa:AcquisitionFeesAndExpenses>
<bftcpa:AcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">132765</bftcpa:AcquisitionFeesAndExpenses>
<bftcpa:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-61005</bftcpa:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bftcpa:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-60846</bftcpa:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bftcpa:InvestmentsInLocalLimitedPartnershipsBeforeImpairment contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1366520</bftcpa:InvestmentsInLocalLimitedPartnershipsBeforeImpairment>
<bftcpa:InvestmentsInLocalLimitedPartnershipsBeforeImpairment contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">1472752</bftcpa:InvestmentsInLocalLimitedPartnershipsBeforeImpairment>
<bftcpa:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-378000</bftcpa:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership>
<bftcpa:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-378000</bftcpa:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership>
<us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest contextRef="Context_6ME_30-Sep-2011" unitRef="pure" decimals="4">0.9900</us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest>
<us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="4">0.9900</us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest>
<bftcpa:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">112546</bftcpa:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments>
<bftcpa:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">158979</bftcpa:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments>
<bftcpa:UnrecognizedEquityLossesIncludedInRecognizedLoss contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">32462</bftcpa:UnrecognizedEquityLossesIncludedInRecognizedLoss>
<bftcpa:UnrecognizedEquityLossesIncludedInRecognizedLoss contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">24519</bftcpa:UnrecognizedEquityLossesIncludedInRecognizedLoss>
<bftcpa:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">26885</bftcpa:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments>
<bftcpa:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">23523</bftcpa:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments>
<bftcpa:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1546000</bftcpa:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships>
<bftcpa:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">1680460</bftcpa:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships>


<bftcpa:EquityMethodInvestmentOwnershipPercentageCriteria contextRef="Context_6ME_30-Sep-2012">&lt;div&gt;The following Local Limited Partnerships invested in by the Fund represent more than 20% of the Fund&amp;#8217;s total assets or equity as of September 30, 2012 or 2011 or net losses for the three months then ended.&lt;/div&gt;</bftcpa:EquityMethodInvestmentOwnershipPercentageCriteria>
<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-2009</us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-2009</us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
<bftcpa:CashDistributionsReceivedFromLocalLimitedPartnerships contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">1660</bftcpa:CashDistributionsReceivedFromLocalLimitedPartnerships>
<bftcpa:FundsInvestmentValueAtTimeOfSale contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">2009</bftcpa:FundsInvestmentValueAtTimeOfSale>

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<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">0</us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
<us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">0</us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal>
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	<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2012_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PilotHouseAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">330753</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2012_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PilotHouseAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">82052</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>
<xbrli:context id="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PilotHouseAssociatesLimitedPartnershipMember"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000870815</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">bftcpa:PilotHouseAssociatesLimitedPartnershipMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2011-04-01</xbrli:startDate><xbrli:endDate>2011-06-30</xbrli:endDate></xbrli:period></xbrli:context>
	<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PilotHouseAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">324368</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PilotHouseAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">27336</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>


<xbrli:context id="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PrestonPlaceAssociatesLimitedPartnershipMember"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000870815</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis">bftcpa:PrestonPlaceAssociatesLimitedPartnershipMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2011-04-01</xbrli:startDate><xbrli:endDate>2011-06-30</xbrli:endDate></xbrli:period></xbrli:context>
	<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PrestonPlaceAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">295852</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2011_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_PrestonPlaceAssociatesLimitedPartnershipMember" unitRef="USD" decimals="0">31899</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>
<bftcpa:CashDistributionsReceivedFromLocalLimitedPartnerships contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">0</bftcpa:CashDistributionsReceivedFromLocalLimitedPartnerships>

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